Paddy Power owner's shares surge 10% as UK clears $6bn mega-deal

Shares in Paddy Power owner Flutter Entertainment surged by almost 10% on the back of it winning UK regulatory approval for its proposed $6bn (€5.4bn) takeover of Canadian online betting business The Stars Group.
Paddy Power owner's shares surge 10% as UK clears $6bn mega-deal
Tue, 31 Mar, 2020 - 19:45
Geoff Percival

Shares in Paddy Power owner Flutter Entertainment surged by almost 10% on the back of it winning UK regulatory approval for its proposed $6bn (€5.4bn) takeover of Canadian online betting business The Stars Group.

Flutter announced its takeover of Stars — which owns the likes of Sky Bet, Full Tilt Poker and PokerStars — in October.

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Paddy PowerPlace: UKPlace: AustraliaPerson: CEOPerson: Peter JacksonOrganisation: Paddy PowerOrganisation: Flutter EntertainmentOrganisation: The Stars GroupOrganisation: FlutterOrganisation: StarsOrganisation: Sky BetOrganisation: Full Tilt PokerOrganisation: PokerStarsOrganisation: Ireland’sOrganisation: Consumer Protection Commission
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